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  • TORONTO, Aug 25- Canada's Liberals, trailing third in the polls for October's election, on Tuesday rolled out a heavyweight economic team including former finance minister Paul Martin in a bid to counter charges that leader Justin Trudeau is too inexperienced to lead the country. The advisers include policymakers who erased the budget deficit during the 12-...

  • Brazil consumer confidence hits all-time low in August Tuesday, 25 Aug 2015 | 10:13 AM ET

    SAO PAULO, Aug 25- Brazilian consumer confidence fell to an all-time low for a second straight month in August as growing unemployment and still high inflation rates stoked pessimism among families, a private survey showed on Tuesday. The Getulio Vargas Foundation said its confidence index fell to 80.6 in August, the lowest since the data series began in...

  • *Best Buy to sell Apple Watch in 900 stores starting Sept. 4. Aug 25- Best Buy Co Inc, the biggest U.S. electronics chain, reported an unexpected increase in quarterly sales and said it expected consumer spending to remain strong this quarter, sending its shares up nearly 15 percent. Chief Financial Officer Sharon McCollam said the financial markets' recent...

  • U.S. consumer confidence jumps in August Tuesday, 25 Aug 2015 | 10:11 AM ET

    NEW YORK, Aug 25- U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday. The Conference Board, an industry group, said its index of consumer attitudes jumped to 101.5, much higher than the expectation of 93.4 according to a Reuters poll. A reading on the present situation for U.S. consumers hit 115.1 in August, the...

  • NEW YORK, Aug 25- Buddhism, which holds that wealth is temporary and no path to happiness, might not sound like the best source for money wisdom. Not so, says Ethan Nichtern, the prominent Buddhist teacher, who has written a new book, "The Road Home," on self-awareness and spiritual seeking. Q: You were raised in money-centric New York City.

  • U.S. startup seeks crowdfunding to produce business jet Tuesday, 25 Aug 2015 | 10:00 AM ET

    WASHINGTON, Aug 25- XTI Aircraft, a Denver, Colorado- based aerospace startup firm, launched an equity crowdfunding campaign on Tuesday to raise $50 million to fund the production of the TriFan 600, a six-seat fixed wing jet that can take off and land like a helicopter. The company's leaders include Jeffrey Pino, the former president of Sikorsky Aircraft, a unit of...

  • U.S. new home sales rebound in July, supply improves Tuesday, 25 Aug 2015 | 10:00 AM ET

    WASHINGTON, Aug 25- New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength that should underpin economic growth for the rest of the year. The Commerce Department said on Tuesday sales increased 5.4 percent to a seasonally adjusted annual rate of 507,000 units. The housing market is gaining stream,...

  • *China cuts interest rate for second time in two months. Aug 25- U.S. stocks rebounded sharply on Tuesday as investors sought out bargains a day after Wall Street turned in its worst performance in four years. "What we need to see to calm investors is positive economic data points out of China and only when we see that will the rallies be sustainable," said Xavier Smith,...

  • LONDON, Aug 25- British gilt futures slumped on Tuesday as China's interest rate cut gave risk markets a boost, one day after panic selling in Chinese stocks shook global financial markets. China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months, boosting support for a stumbling economy and a...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • BRUSSELS, Aug 25- European Union antitrust authorities are investigating possible anti-competitive practices in precious metals trading as they joined other regulators in a crackdown on possible rigging of the markets. The EEA refers to the 28- country European Union, plus Iceland, Liechtenstein and Norway. "In April 2015, the European Commission issued a...

  • Aug 25- U.S. markets opened sharply higher on Tuesday as bargain hunters stepped in a day after Wall Street suffered its biggest rout in four years.

  • *ECB vice president: China's stock market relatively small. MANNHEIM, Aug 25- The European Central Bank's vice president sought to play down a crash in China's stock market, saying the ripple effects may be limited and it was too early for the ECB to react. Vitor Constancio made the remarks on Tuesday after China's central bank cut interest rates, ratcheting up...

  • DETROIT, Aug 25- U.S. safety regulators have opened an investigation into reports from consumers that Fiat Chrysler Automobiles NV's popular Jeep Grand Cherokee SUVs rolled away after being placed in the "park" position. The National Highway Traffic Safety Administration said on its website on Monday night it will open the investigation after receiving 14...

  • BEIJING, Aug 25- China's twin cuts in its interest rates and reserve requirement ratio on Tuesday should help it to better implement prudent monetary policy, a senior central bank official said. Lu Lei, the head of the research office at the People's Bank of China, said the borrowing cost for Chinese companies was still rising after adjusting for inflation, and...

  • *China stock indexes fell more than 7 pct before cut. BEIJING, Aug 25- China's central bank cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, ratcheting up support for a stumbling economy and a plunging stock market that has sent shockwaves around the globe. Global shares, bond yields and oil prices all...

  • BOSTON, Aug 25- Popular consumer brands Discovery Communications, Chipotle Mexican Grill and CVS Health Corp pay their chief executive officers more than a thousand times what they pay their typical worker, giving them the biggest internal pay gaps among S&P 500 companies, according to a study released on Tuesday. The research from job-hunting website...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • *China cuts interest rate for second time in two months. Aug 25- U.S. stocks looked set to rebound sharply on Tuesday as investors seek out bargains a day after Wall Street turned in its worst performance in four years. "What we need to see to calm investors is positive economic data points out of China and only when we see that will the rallies be sustainable," said...

  • LONDON, Aug 25- Saudi Arabia and its OPEC allies are counting on strong growth in demand coupled with slower growth in non- OPEC supply to rebalance the oil market in 2016.. But the experience of the "lost decade" after prices slumped in 1986 suggests rebalancing could take longer than some OPEC members and market analysts expect. Non- OPEC supplies were flat between...